Opinion: Financial crime is at record-high levels while prosecutions are declining — and the lack of DOJ attention is costing Americans hundreds of billions of dollars
. Among other things, the department should seek additional funding for this work, initiate a uniform federal effort to collect data on the national prevalence of financial crime, direct U.S.
Needless to say, this is all much easier said than done, but before any of it could possibly happen, the Biden-Garland DOJ must actually take a concerted interest in the area and back it up with the commitment of high-level personnel and a considerable amount of time and energy. Every day that this does not happen, Americans are paying the price.
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